It can be noted that most of the mass marketers like small car and bike makers, FMCG companies, whitegoods makers and tractor makers, among others, have all been reporting steady declines in rural sales for many months now.
The company had posted a consolidated net profit of Rs 167 crore in the same period last fiscal. "The operating performance has continued to remain strong with healthy margins, steady fee income and stable opex," it said in a release.
To improve ease of doing business in the country, a government-appointed panel has sought suggestions from all stakeholders, including the general public, to address issues related to new companies law.
L&T Finance Holdings today reported nearly 45% jump in consolidated profit in January-March quarter at Rs 141 crore, aided by strong loan growth.
L&T Finance (LTF), a subsidiary of L&T Finance Holdings (LTFH), has acquired FIL Fund Management (Fidelity AMC) and FIL Trustee company, engaged in mutual fund business in India. However, the deal is yet to get regulatory approvals, the non-banking finance company said in a notice sent to stock exchanges.
L&T Infrastructure Finance company on Thursday hit the retail bond market to mop up Rs 1,100 crore through tax-saving long term infrastructure bonds carrying an interest rate of 9% with a face value of Rs 1,000. The proceeds will be used to meet the company’s lending requirement.
L&T Finance Holdings today announced its plans to hit the capital markets to mobilise up to Rs 1,245 crore from the primary markets by diluting up to 17% of its stake.
L&T Finance Holdings today said it has completed a private placement of shares aggregating to Rs 330 crore with the private equity fund of US-based Capital International.
How can risk management strategies improve decision making? Can these skills be implemented across all levels in the corporate hierarchy? Deloitte and CNBC-TV18 came together to asses and study the role of the board in intelligent risk governance.